Local apartment rents continue climbing

With demand strong, landlords in King County expect to increase rents by an average 3 percent between September and March, according to a local research firm.

Lori Hartjoy‘s insight:

Some amazing rent growth in the Seattle region, even during the slow moving cycle. Plus, they have been adding new rentals to the market. What is the cause? Relocation! In our own little neck of the woods it is common to see a slight decrease during Oct – Mar. by about 1 to 1 1/2 % as landlords try to keep their income property filled. What do you think about the last 12 months for Seattle and the forecast for the upcoming year?